# Hapz

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/hapz

- Industry: Internet
- Headquarters: Singapore, Singapore
- Website: www.hapz.com
- Total disclosed funding: $1.9M
- Latest round: Series A (Mar 8, 2022)
- Investors on record: 6

## About

Hapz is a digital solutions provider focused on enhancing user connectivity and engagement through a suite of online platforms designed for social networking, digital marketing, and e-commerce.Founded in 2016 and headquartered in Singapore, Hapz offers digital solutions tailored to improve connectivity among users. The company has completed three significant deals, with a notable funding round in March 2022 when it raised USD 870,000 in Series A funding from investors Masik Enterprises Pte. Ltd. and 2be.lu. The founder, Lai Chu, has been instrumental in steering the company's vision towards optimizing digital interactions across diverse markets.Hapz specializes in providing innovative solutions designed to meet various consumer needs within the digital landscape. Their core product offerings include a suite of online platforms that facilitate streamlined connectivity and interaction among users, enhancing both personal and professional engagements. These platforms cater to diverse use cases, such as social networking, digital marketing, and e-commerce, enabling users to create, share, and transact seamlessly. Targeting a wide-ranging clientele, Hapz serves individual consumers, small and medium enterprises, and larger corporations across multiple geographical markets, including North America, Europe, and parts of Asia. The company's products, released progressively over recent years, aim to optimize user experiences in an increasingly interconnected world.In the most recent fiscal year, Hapz reported a revenue of USD 523,036.50, with an EBITDA of USD -310,007.60. The company generates revenue through a multi-faceted transaction structure, predominantly involving subscription-based models and partnerships with various stakeholders. Clients can engage with Hapz's flagship products via tiered pricing plans that cater to different customer segments, ensuring accessibility for both individuals and businesses. Transactions are typically executed directly between Hapz and its users, allowing for a streamlined purchasing process. Additionally, Hapz collaborates with retailers and wholesalers to enhance distribution channels, further contributing to its revenue stream. The company’s pricing strategies are designed to accommodate varying levels of service and access to premium features, fostering sustained client engagement and loyalty.Hapz plans to utilize the USD 870,000 raised in its latest funding round to enhance its product offerings and expand into new markets. There are initiatives underway to launch new products aimed at improving user engagement and connectivity, with specific timelines yet to be disclosed. The company is targeting to penetrate markets in Europe and North America further by the end of 2023, leveraging its recent funding to support these expansion efforts and product development.

## Funding rounds

- Series A, Mar 8, 2022, $0.9M — 2be.lu, Masik Enterprises Pte. Ltd.
- Seed, Sep 13, 2018, $0.5M — Quest Ventures, TBV Capital, Cocoon Capital, SPH Media Fund
- Seed, Feb 2, 2017, $0.5M — Quest Ventures, TBV Capital, Cocoon Capital, SPH Media Fund

## Investors

- Quest Ventures (https://capitalatlas.ai/funds/quest-ventures) — Seed
- TBV Capital (https://capitalatlas.ai/funds/tbv-capital) — Seed
- Cocoon Capital (https://capitalatlas.ai/funds/cocoon-capital) — Seed
- SPH Media Fund (https://capitalatlas.ai/funds/sph-media-fund) — Seed
- 2be.lu (https://capitalatlas.ai/funds/2be-lu) — Series A
- Masik Enterprises Pte. Ltd. — Series A